Bbva Compass Bancshares Inc. trimmed its holdings in shares of British American Tobacco PLC (NYSE:BTI) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,479 shares of the company’s stock after selling 6,246 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in British American Tobacco were worth $1,468,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Gradient Investments LLC raised its holdings in shares of British American Tobacco by 22.3% in the second quarter. Gradient Investments LLC now owns 38,595 shares of the company’s stock valued at $1,947,000 after acquiring an additional 7,049 shares in the last quarter. Cumberland Partners Ltd raised its holdings in shares of British American Tobacco by 1.7% in the second quarter. Cumberland Partners Ltd now owns 114,075 shares of the company’s stock valued at $5,755,000 after acquiring an additional 1,948 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of British American Tobacco by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,031 shares of the company’s stock valued at $4,189,000 after acquiring an additional 19,329 shares in the last quarter. New England Asset Management Inc. bought a new stake in shares of British American Tobacco in the second quarter valued at about $335,000. Finally, Alps Advisors Inc. bought a new stake in shares of British American Tobacco in the second quarter valued at about $587,000. Institutional investors and hedge funds own 7.69% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. DZ Bank restated a “sell” rating on shares of British American Tobacco in a report on Thursday, October 18th. UBS Group downgraded British American Tobacco from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Sanford C. Bernstein assumed coverage on British American Tobacco in a report on Tuesday, October 16th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group set a $66.00 price objective on British American Tobacco and gave the company a “buy” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $73.00.
Shares of British American Tobacco stock opened at $43.77 on Wednesday. The stock has a market capitalization of $92.72 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.42 and a beta of 0.96. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. British American Tobacco PLC has a one year low of $41.69 and a one year high of $71.44.
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British American Tobacco Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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